NY Times: The Real Reason the U.S. Has Employer-Sponsored Health Insurance

Dec 2015
18,512
17,756
Arizona
With the exception that you are forced into the system against your will or people with guns will come and take you away to jail.

You absolutely described a pyramid. A ponzi scheme is where people are paid from investments from other participants without any profit. Social security is absolutely a ponzi scheme. Rather or not it can be successful for the next few decades is a different matter. I suspect that the millennial's better be ready to wait until they are past the age of 70 to be allowed to draw anything.


Easy solution. If SS is so distasteful---DON'T sign up for it.

See how easy that was!?
 
Nov 2012
11,178
9,425
nirvana
And you think the govt scrupulously saved all your money for years to pay your benefits now?
If they didn't, that's their problem. She kept her end of the bargain.

Moral of the story: Don't spend the money people paid into the system for years. If you need to pay for something, raise the taxes to do it.
 
  • Like
Reactions: 1 person
Jun 2013
5,707
1,735
Katmandu
No, a series of lying Republican Presidents lowered taxes for their rich friends, spent money they didn't have on unneeded military to make more of their rich friends richer and pissed away the money they should have been saving that people had paid.

It's the Republicans that are the theifs.
The only person that has ever lowered FICA tax rates is Barack Obama and the Dem Congressional super majority. SS instantly went into the red in 2010.
 
Nov 2012
41,310
11,878
Lebanon, TN
No, a series of lying Republican Presidents lowered taxes for their rich friends, spent money they didn't have on unneeded military to make more of their rich friends richer and pissed away the money they should have been saving that people had paid.

It's the Republicans that are the theifs.
Once again the Loveable Ignorant Canadian shows us his RDS is incurable

IT WAS OBAMA AND A DEMOCRAT HOUSE AND DEMOCRAT SENATE

That Chose to Privatize a portion of SS of 2 years causing the System's unfunded mandates to increase 1.5 trillion dollars in 2010 . OOPS

Yes, What Obama did was allow me to keep a portion of my SS which 99% of the people spent.. I instead invested it in the Market.